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Thailand Futures Exchange PCL (TFEX), under the Stock Exchange of Thailand group, will add 10 underlying securities for its Stock Futures, on top of the 60 currently available, to accommodate higher demand on this product, enabling investors to manage portfolios more efficiently and increase trading opportunity. The new additions will be effective from October 5.
TFEX Managing Director Rinjai Chakornpipat said, “Stock Futures has gained more popularity among investors with average daily trading volume accounting for 55 percent of the total TFEX’s. We expect that the new additions, bringing the total underlying securities to 70, will surely help boost investors’ choices to match the market’s conditions, timing and fundamentals of each underlying stock.”
The 10 additions are Bangkok Airways pcl (BA), Carabao Group pcl (CBG), CK Power pcl (CKP), Energy Earth pcl (EARTH), Hana Microelectronics pcl (HANA), Ichitan Group pcl (ICHI), Samart Corporation pcl (SMART), Srisawad Power 1979 pcl (SAWAD), TTCL pcl (TTCL), and VGI Global Media pcl (VGI).
All these new underlying stocks have been selected by using the criteria based on the constituents of the SET100 index having market capitalization of more than THB 10 billion (approx. USD 278 million) and high liquidity. In addition, the increase of 10 new underlying stocks will introduce two new sectors, which are Finance and Securities (SAWAD) and Electronic Components (HANA).
In the first nine months of this year, the average daily trading volume of Stock Futures was at 81,308 contracts per day (as of September 28, 2015). Its outstanding portfolio reached 720,172 contracts, while the top five actively-traded Stock Futures are TPIPL (16.99 percent), ITD (16.17 percent), JAS (10.38 percent), IRPC (10 percent), and TRUE (8 percent), respectively.
